Understanding the financial terms you may come across will prevent confusion about your financial aid. Check out this glossary of terms, provided by Federal Student Aid.

Loans

Repayment of Federal Loans

It is important to fully understand the repayment of your Federal Loans. The video below illustrates what to expect during repayment as well as some of the Repayment Plans that may be available to you.

The following calculators can help you estimate your federal student loan monthly payment amounts under the Income-Contingent Repayment Plan and the Income-Based Repayment Plan: